November 22, 2017 / 7:32 AM / in a month

UK's Euromoney sells stake in Dealogic

(Reuters) - Euromoney Institutional Investor, the publisher of the Euromoney magazine, said on Wednesday it would sell its stake in Dealogic, a provider of financial content, to Ion Investment Group for about $135 million.

The company also reported a 4 percent rise in annual profit on Wednesday.

Adjusted profit before tax for the year ended Sept. 30 stood at 106.5 million pounds ($141.18 million), above the 102.5 million pounds reported for the same period a year earlier.

The company, which is 49.1 percent-owned by Daily Mail & General Trust Plc, raised its final dividend by 33 percent to 21.8 pence.

Reporting by Hanna Paul in Bengaluru; Editing by Saumyadeb Chakrabarty

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